Tax season 2026 has been marked by significant changes at both the federal and state levels, with millions of taxpayers...
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Major 2026 Updates for Nonprofits and CPAs – IRS Executive Compensation Tax, Group Exemption Rules, and Virginia Budget Changes
Virginia and Washington DC nonprofits and CPAs face a rapidly changing landscape in 2026, with significant new rules from the...
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DC Budget Updates and New Tax Exemptions for Nonprofits and Workforce Housing
New DC Real Property Tax Exemptions for NonprofitsThe District of Columbia has enacted several pieces of legislation affecting real property...
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The IRS Widens Digital Access and Congress Approves Key Nonprofit Transparency Bills
In a major step toward modernizing tax administration, the IRS announced on April 6, 2026, a significant expansion of its...
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New Tax Laws for 2026 Reshape Charitable Giving Strategies in Virginia and DC
Overview of 2026 Federal Tax ChangesThe tax landscape for charitable giving has undergone significant changes in 2026, affecting how individuals...
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Maintaining 501(c)(3) Status: Four Activities That Can Jeopardize Your Nonprofit’s Exemption
1. Private Benefit or InurementPrivate benefit occurs when an individual or organization receives a benefit from a Section 501(c)(3) organization. A...
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Loudoun County Nonprofit Resources and Compliance
Loudoun County is home to a diverse range of nonprofit organizations serving the community. Local CPAs and accounting firms that...
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Virginia Local Taxes for Nonprofits: BPOL, Tangible Property, and Sales Tax Exemptions
Virginia nonprofits face several local tax obligations that differ significantly from those of for-profit businesses. Understanding these obligations and available...
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Virginia Charitable Solicitation Registration: Compliance Requirements for Nonprofits
One of the most important—and most overlooked—compliance requirements for Virginia nonprofits is charitable solicitation registration. Unlike most states where the...
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Virginia Nonprofit Bank Account Requirements: A Practical Guide
Opening a dedicated nonprofit bank account is a critical step for any new or existing Virginia nonprofit organization. A separate...
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2026 Nonprofit Finance and Accounting Updates for Virginia Organizations
On March 25, 2026, the Greater Washington Society of CPAs hosted the Nonprofit Finance & Accounting Academy in Vienna, Virginia,...
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Virginia Nonprofit Registration and Banking Requirements: A 2026 Guide
Virginia is home to approximately 53,000 registered nonprofit organizations, with major concentrations in Northern Virginia, Richmond, Hampton Roads, and Charlottesville ....
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Virginia SB 190 Imposes New Data Security Requirements on Nonprofits Serving Public Schools
Virginia Senate Bill 190, introduced in the 2026 legislative session, imposes significant new requirements on nonprofit organizations seeking to provide...
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IRS Group Exemption Modernization: New Rules for Nonprofits with Chapters and Affiliates
After a hiatus of more than five years, the Internal Revenue Service released Revenue Procedure 2026-8 (RP 2026-8) on January...
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OBBB Act Expands Excise Tax on Nonprofit Executive Compensation
The One, Big, Beautiful Bill (OBBB) enacted in 2025 significantly expanded the application of the excise tax on excess compensation...
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Financial Audit for Nonprofits – Building Donor Confidence in Virginia
A financial audit provides independent, objective assurance that an organization's financial statements are accurate and comply with Generally Accepted Accounting Principles (GAAP)....
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Virginia Tax Deadlines – A Comprehensive Guide for 2026
Understanding Virginia tax deadlines is essential for residents and businesses in Ashburn and across the Commonwealth. Virginia has unique filing...
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Nonprofit Compliance – Maintaining Tax-Exempt Status in Virginia
Nonprofit organizations in Virginia face complex compliance requirements at both the federal and state levels. From annual Form 990 filings...
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IRS Offer in Compromise – A Path to Resolving Tax Debt
An IRS offer in compromise is an agreement between a taxpayer and the IRS that settles a tax debt for less than...
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Book Keeper Service – Professional Financial Recordkeeping for Virginia Businesses
A book keeper service provides the essential financial recordkeeping that forms the foundation of any successful business. Whether you operate a small...
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